Weekly FX Price Analysis: GBP Continues Substantial Downtrend

weekly FX price analysis

Here is a breakdown of our weekly FX price analysis.


This currency pair has inarguably been on a downtrend since testing the 168.30 area. Currently, 164.40 that has been a support now acts as a resistance, signifying further downfall from this tested region. Trade With Mac predicts that GBPJPY, following price action, will continue to fall, testing the 158 area in the coming days.

GBP/JPY Price Chart

weekly FX price analysis: GBP/JPY Price Chart


Despite seeing a slight retracement last week, EUR/JBP also maintains its downtrend. The former support at 0.8850 now acts as a resistance, and we anticipate that price should text the next support at 0.8232 in days to come.

EUR/GBP Price Chart

EUR/GBP Price Chart


It is no longer news that the GBP/USD currency pair has been in a freefall for weeks. This week, Trade With Mac predicts that the downtrend will remain intact. GBP/USD will continue to fall this week up until the 1.1800 area.

GBP/USD Price Chart

GBP/USD Price Chart


Gold has recently tested the falling trendline on the daily timeframe, acting as resistance. With this, we should be expecting a price fall from this region to test recent lows.

Gold Price Chart

weekly FX price analysis: Gold Price Chart

And this sums up our Weekly FX price analysis! Remember DYOR always, and Trade With Mac isn’t liable for any loss incurred – information provided are NFA. Please, checkout our Terms of Use of Service for more information.

This Post Has 3 Comments

  1. Szpiegowskie Telefonu

    Może to być denerwujące, gdy twoje relacje są zakłócone, a jej telefonu nie można śledzić. Teraz możesz łatwo wykonać tę czynność za pomocą aplikacji szpiegowskiej. Te aplikacje monitorujące są bardzo skuteczne i niezawodne i mogą określić, czy twoja żona cię oszukuje.

  2. Śledź telefon

    Monitoruj telefon z dowolnego miejsca i zobacz, co dzieje się na telefonie docelowym. Będziesz mógł monitorować i przechowywać dzienniki połączeń, wiadomości, działania społecznościowe, obrazy, filmy, WhatsApp i więcej. Monitorowanie w czasie rzeczywistym telefonów, nie jest wymagana wiedza techniczna, nie jest wymagane rootowanie.

  3. Onuoha Dabechi Joseph

    Good analysis

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.